MasterCard’s Target, Estimates Boosted at Jefferies (MA)

Posted on April 24, 2012 at 10:50 AM EDT

Credit card issuer MasterCard Inc (MA) on Tuesday caught some further bullish commentary from analysts at Jefferies & Co. The firm maintained its “Buy” rating on MA and lifted its price target to $521, suggesting a 21% upside to the stock’s Monday closing price of $430.26. Jefferies also boosted its earnings estimates for the company, [...]

Credit card issuer MasterCard Inc (MA) on Tuesday caught some further bullish commentary from analysts at Jefferies & Co.

The firm maintained its “Buy” rating on MA and lifted its price target to $521, suggesting a 21% upside to the stock’s Monday closing price of $430.26. Jefferies also boosted its earnings estimates for the company, citing strong card volume metrics.

MasterCard shares rose $4.62, or +1.1%, in morning trading Tuesday.

The Bottom Line
Shares of Mastercard (MA) have a .28% dividend yield, based on last night’s closing stock price of $430.26. The stock has technical support in the $416-$420 price area. The shares are trading near all-time highs.

MasterCard Inc (MA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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